3min chapter

Tom Bilyeu's Impact Theory cover image

Silicon Valley Bank MELTDOWN Explained | How to PREPARE for the RECESSION | Jaspreet Singh

Tom Bilyeu's Impact Theory

CHAPTER

How Do Credit Cards Work?

The government knows we're a consumer nation. It's not just the US. People here spend more than what we make. If I have $100 in my bank, I can still spend $500. What happened in 2008 is first, credit levels fell. We never saw it really pass through and now we're seeing the effects of the inflation.

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